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TOURISM’S IMPORTANCE FOR GROWTH HIGHLIGHTED IN WORLD ECONOMIC OUTLOOK REPORT

TOURISM’S IMPORTANCE FOR GROWTH HIGHLIGHTED IN WORLD ECONOMIC OUTLOOK REPORT

Tourism has again been identified as a key driver of economic recovery and growth in a new report by the International Monetary Fund (IMF). With UNWTO data pointing to a return to 95% of pre-pandemic tourist numbers by the end of the year in the best case scenario, the IMF report outlines the positive impact the sector’s rapid recovery will have on certain economies worldwide.